Bitcoin ATM coming to BCIT campus in Burnaby

The British Columbia Institute of Technology will soon be home to a Bitcoin ATM.

Today (June 11), the BCIT Student Association announced the machine will be installed in Building SE2 on the Burnaby campus sometime in the next 10 days. Vancouver-based cryptocurrency firm Newnote Financial Corp. will be putting in the ATM.

In a news release, Tyra Bermudez, BCITSA’s vice president of external affairs, said: “It is very exciting to see the advancements BCITSA is able to provide our student population. Having a BITCOIN machine is one of the many ways we are able to provide students with up-to-date industry and business trends.”

The ATM will charge users a three-percent transaction fee, with two percent going to Newnote and one percent to BCITSA.

BCIT has a Bitcoin club called BCIT Bitcoins. Founder Bryan Hellard told the Georgia Straight in February that he works for Newnote.